Greggs plc (GRG) Receives GBX 1,216.25 Consensus Target Price from Analysts
Shares of Greggs plc (LON:GRG) have earned an average rating of “Buy” from the five ratings firms that are presently covering the company. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 1,216.25 ($15.05).
GRG has been the topic of several recent research reports. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 1,300 ($16.09) target price on shares of Greggs plc in a report on Tuesday, October 4th. Investec reaffirmed a “buy” rating and set a GBX 1,250 ($15.47) target price on shares of Greggs plc in a report on Tuesday, July 19th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,320 ($16.34) target price on shares of Greggs plc in a report on Wednesday, July 13th.
In other news, insider Hutton,Richard sold 41,170 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of GBX 1,050 ($13.00), for a total value of £432,285 ($535,006.19).
Greggs plc (LON:GRG) opened at 995.00 on Tuesday. Greggs plc has a 12-month low of GBX 869.00 and a 12-month high of GBX 1,335.00. The company’s 50 day moving average price is GBX 1,035.57 and its 200-day moving average price is GBX 1,047.82. The company’s market capitalization is GBX 998.99 million.
The firm also recently disclosed a dividend, which was paid on Friday, October 7th. Stockholders of record on Thursday, September 8th were paid a GBX 9.50 ($0.12) dividend. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, September 8th.
About Greggs plc
Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company’s products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop. The Company also provides frozen bakery products to its wholesale customers. The Company owns approximately 1,698 shops, 12 regional bakeries, one distribution center and one manufacturing center.
Receive News & Ratings for Greggs plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greggs plc and related companies with MarketBeat.com's FREE daily email newsletter.